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The industrial dryers market size for agricultural products is estimated to grow at a CAGR of 4.06% between 2022 and 2027 and the size of the market is forecast to increase by USD 168.28 million. The growth of the market depends on several factors, such as increasing production of food products in dried forms, increasing demand for freeze-drying equipment in food processing, and expansions of plants in the food processing industry.
This report extensively covers market segmentation by type (hot air-drying equipment, heated-surface drying equipment, and others), application (vegetables, fruits, nuts, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Global Industrial Dryers Market for Agricultural Products Customer Landscape
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Andritz AG - The company offers industrial dryers for agricultural products such as BatchMAX series dryer.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
The report offers clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the vendors. The analysis classifies vendors into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don’ts of business which in turn can help a client make the best decision.
The hot air-drying equipment segment will contribute a major share of the market, as this equipment helps in maintaining the essential nutrients of the foods which are dried in it. The hot air-drying equipment segment was valued at USD 461.02 million in 2017 and continued to grow until 2021. Agriculture drying processing equipment with modern technology such as convection heating will see steady demand during the forecast period. Refrigerant Adsorption Dehumidification Dryer (RADD) is an advanced technology for drying agricultural products. With this technology, fruits, vegetables, and nuts are dried under controlled temperatures and uniform air distribution. As a result, the fruit's beneficial properties and nutrients are preserved longer. This technique is cheaper and dries faster.
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The growing demand for fruits and nuts has increased the demand for hot-air drying equipment. Many European countries import dried fruits from countries such as Turkey and Iran, which will increase the demand for hot air drying equipment during the forecast period. Such factors drive the growth of the market during the forecast period.
The vegetables segment of the market is expected to grow at a steady rate during the forecast period. Demand for dehydrated vegetables has increased among consumers and is expected to remain high during the forecast period. The long shelf life of dehydrated vegetables is one of the growth drivers for this segment. Additionally, drying does not alter the nutritional profile of vegetables. Vendors in this segment are catering their products to meet the growing consumer demand for dried vegetables. For example, Turatti offers an eco-drying system that removes water from delicate vegetable surfaces after washing. Also, by drying, you can have vegetables all year round, regardless of the season. Vendors in the global freeze-dried product market are also working with vegetable growers and suppliers in the process of drying vegetables. Such coordination with vendors and vegetable growers ensures proper ingredient requirements and vegetable drying processes. Therefore, there is an increasing demand for healthy, processed, and convenient foods among consumers, and vendors are offering products that meet their needs. Factors such as these have increased the demand for vegetable dryers. , which will drive the growth of the market during the forecast period.
APAC is estimated to contribute 47% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
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The longer shelf life of dried products is a major driver of industrial dryers for the APAC produce market. Using dry food avoids the negative effects of preservatives and contaminated ingredients. In addition, industrial dryers will enable food processing plants in the region to deliver more dry food, which is expected to drive market growth during the forecast period. The extended shelf life and ease of transportation of dry food increase business profitability and encourage food processors to invest more in the market.
In 2020, the COVID-19 pandemic negatively impacted the growth of several consumer industries including agriculture, manufacturing, and beverages. A surge in COVID-19 cases in major countries led to stringent lockdowns and the temporary closure of local food processing plants. This negatively impacted the market growth in 2020. However, as countries lifted lockdowns and emphasized the resumption of critical businesses such as food processing, local agriculture grew gradually. In addition, exports of agricultural products such as vegetables, fruits, nuts, herbs, spices, and phytopharmaceutical raw materials also grew in different countries of the world. Such factors are expected to drive the growth of the market during the forecast period.
The industrial dryers market for agricultural products report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Industrial Dryers Market For Agricultural Products Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.06% |
Market growth 2023-2027 |
USD 168.28 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.65 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 47% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Andritz AG, Bucher Industries AG, Buhler AG, Agridry Dryers Pty Ltd., Binder and Theilen Dehydration GmbH and Co. KG, Effimax Solar, GEA Group AG, GrainPro Inc., Henan Boda Microwave Equipment Co. Ltd., JUA Technologies International LLC, Malnutrition Matters, MechaTech Systems Ltd., My Solar Dryer, New AVM Systech Pvt. Ltd., OKAWARA MFG. Co. Ltd., Radha Energy Cell, Rudra Solar Energy, Science For Society Techno Services Pvt. Ltd., SSP Pvt. Ltd., TAYLORMADE RENEWABLES LTD., Thompson Dryers, and Turatti Srl |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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